Lottomatica’s online Italian market share hits record 30% in Q3

Sunday, November 3, 2024 6:32 AM
Photo:  Lottomatica (courtesy)
  • Zak Thomas-Akoo, Next.io

Lottomatica Group’s Italian online market share across all verticals climbed to 29.9% in Q3 2024, up 1.7% from 2023. The Italian lottery and online gaming operator’s market share in the sports betting and iGaming segments reached 31.5% and 29.7% respectively.

It follows the €639m [$693m] acquisition of its Italian online market competitor SKS365, and its PlanetWin365 online gaming site in November 2023 after a bidding war involving Playtech.

Lottomatica CEO Guglielmo Angelozzi said: “We are very pleased with the progress achieved so far this year. Our business has experienced double digit growth and in Q3 our online market share reached an all-time high across all verticals.

“The integration with SKS is advancing at a fast pace and we upgraded the level of synergies we expect to extract.”